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Stanley Black & Decker, Inc. (NYSE: SWK) is a global leader in tools and outdoor products, headquartered in the USA. Since its inception in 1843, the company has set the standard for excellence by delivering innovative, powerful tools that professionals rely on worldwide to build, repair, and protect valuable assets. The company's diverse portfolio includes iconic brands such as DEWALT, BLACK+DECKER, CRAFTSMAN, STANLEY, CUB CADET, and HUSTLER.
Stanley Black & Decker operates in two main segments: Tools & Outdoor and Industrial. The Tools & Outdoor segment, which generates the majority of the company's revenue, includes the Power Tools Group (PTG), Hand Tools, Accessories and Storage (HTAS), and Outdoor Power Equipment. The Industrial segment focuses on engineered fastening systems and other industrial solutions. Geographically, the company's revenue is primarily derived from the United States, with significant contributions from Canada, Europe, Asia, and other regions.
The company is committed to sustainability and global stewardship, aiming to advance these principles across its entire value chain through its operations and workforce. Stanley Black & Decker's recent achievements highlight its strategic business transformation, focusing on innovation, market activation, and cost efficiency. In the third quarter of 2023, the company reported improvements in adjusted gross margins and earnings per share, laying a solid foundation for future growth.
Stanley Black & Decker is also known for its proactive approach in response to market dynamics. The Global Cost Reduction Program, initiated to optimize the company's cost base, has generated substantial savings and improved inventory management, positioning the company for long-term growth and profitability. The program aims to achieve pre-tax run-rate cost savings of approximately $2 billion by the end of 2025.
In addition to its financial initiatives, Stanley Black & Decker emphasizes community support and educational advancement. The DEWALT brand, for instance, has launched the DEWALT Trades Scholarship, awarding scholarships to students pursuing careers in the trades, as part of a broader effort to close the skilled trades gap in the U.S.
With a rich history of innovation and a commitment to future growth, Stanley Black & Decker continues to be a driving force in the tools and outdoor industry, dedicated to supporting professionals and DIY enthusiasts alike.
Stanley Black & Decker (NYSE: SWK) has announced it will release its fourth quarter and full year 2024 earnings report on Wednesday, February 5, 2025. The company will host a webcast at 8:00 AM ET on the same day, with financial results being distributed before market opening. A slide presentation will be available on the company's investor website and will remain accessible after the event. The earnings call will be accessible through a live webcast or teleconference, with replay options available two hours after the call.
DEWALT, a Stanley Black & Decker (NYSE: SWK) brand, has achieved significant recognition as its POWERSHIFT™ system was named among the 50 greatest innovations of 2024 by Popular Science's Best of What's New Awards. The system, comprising six concrete tools, represents a breakthrough in construction technology by offering electrified alternatives to gas-powered equipment. Key features include:
- Up to 60% lower CO2e emissions compared to gas-powered equipment
- Complete system includes vibrator, backpack vibrator, concrete power screed, rammer, plate compactor, core drill and stand
- Currently available across North America
- Marks DEWALT's sixth industry accolade since its January 2024 launch
Stanley Black & Decker (NYSE: SWK) has released comprehensive guidance for winter snow removal and equipment maintenance. The company offers key recommendations through its brands DEWALT, CRAFTSMAN, Cub Cadet, and Troy-Bilt.
The guidance includes essential tips for choosing the right equipment based on snowfall amounts: single-stage blowers for up to 6 inches, two-stage for up to 12 inches, and three-stage for up to 23 inches. The company emphasizes the importance of proper maintenance, including checking for damage, replacing worn parts, and ensuring proper fluid levels.
Additional recommendations include marking driveway boundaries before snowfall, monitoring weather forecasts, wearing appropriate safety gear, and managing snow pile placement to prevent foundation damage. The company also showcases specific snow blower models from each brand, including both gas-powered and battery-operated options.
Stanley Black & Decker (NYSE: SWK) has announced two upcoming investor conference presentations by Pat Hallinan, Executive Vice President and CFO. The first presentation will be at the UBS Global Industrials and Transportation Conference in Palm Beach, FL on December 3, 2024, at 12:10 PM ET. The second will be at the Goldman Sachs Industrials and Materials Conference in New York, NY on December 4, 2024, at 10:00 AM ET.
Both presentations will be available via live webcasts in the Investors section of the company's website, with replays accessible for 30 days afterward.
Stanley Black & Decker (NYSE: SWK) hosted its 2024 Capital Markets Day, providing strategic updates and future financial targets. The company reaffirmed its 2024 guidance with GAAP EPS of $1.15-$1.75 and adjusted EPS of $3.90-$4.30, expecting free cash flow of $650-850 million. For 2027, SWK targets net sales of $16.5-17.0B, adjusted EBITDA of ~$2.5B, and free cash flow conversion of ~100%. The company aims to achieve sustainable 35%+ adjusted gross margins through operational excellence and market share growth initiatives.
Stanley Black & Decker (NYSE: SWK) has launched its 2024 'Hosting for the Holidays' Product Guide, an interactive digital experience showcasing holiday preparation solutions. The guide features virtual room-by-room tours highlighting products from brands like CRAFTSMAN, STANLEY, BLACK+DECKER, and Cub Cadet. The initiative addresses various holiday needs including snow removal equipment, decorating tools, cleaning solutions, and kitchen appliances. Expert recommendations include three-stage snow blowers for heavy snowfall, power tools for decorating, cleaning equipment for maintenance, and kitchen innovations like the bev Cocktail Machine.
DEWALT released a survey revealing Gen Z's commitment to skilled trades careers, with 68% fully committed despite facing significant barriers. The study shows that 52% of students were waitlisted for technical programs, highlighting access challenges. Once enrolled, students actively engage in internships (55%), mentorship (47%), and real work experience (46%).
The survey found that 80% of students were introduced to trades careers by age 15, with 77% feeling optimistic about their career choice. While 84% believe they'll be hired post-graduation, concerns include training costs (43%), networking opportunities (39%), and equipment access (33%). Notably, work-life balance (85%) and having a caring boss (79%) are important for retention, with one-third willing to leave if expectations aren't met.
Stanley Black & Decker (NYSE: SWK) has announced its upcoming 2024 Capital Markets Day, scheduled for November 20, 2024, at the New York Stock Exchange. The event will run from 9:00 AM ET to approximately 12:00 PM ET, featuring presentations on the company's businesses, transformation initiatives, and strategies. Senior management will also conduct Q&A sessions.
The event will be accessible via live webcast, with presentation materials and agenda available on the company's website under the 'Investors' section's '2024 Capital Markets Day Event Page.' A replay will remain available for at least 30 days following the event.
DEWALT, a brand of Stanley Black & Decker, announced the North American availability of the DEWALT POWERSHIFT™ Cordless Equipment System. This innovative line of electric construction tools is designed to reduce CO2e emissions by up to 60% compared to gas-powered equipment. Since its debut at the World of Concrete 2024, it has won several awards, including TIME's Best Inventions of 2024 and Fast Company's Innovation by Design Award. The system has been praised for its power, runtime, and ergonomics, aiming to enhance jobsite productivity and reduce environmental impact. The product line includes various tools such as vibrators, power screeds, and core drills, all tested and endorsed by workers for their ease of use and efficiency. The system also features TOOL CONNECT+™ technology for enhanced asset management and tool safety.
DEWALT POWERSHIFT™ is now available across North America.
DEWALT's POWERSHIFT™ System has been named one of TIME's Best Inventions of 2024, recognized in the sustainability category. The system, which produces up to 60% less CO2e emissions during use compared to gas-powered equipment, is the only tool manufacturer entry on the list. The six-piece cordless equipment system optimizes concrete jobsite workflow through electrification, eliminating gas-powered equipment hassles while maintaining performance. The system helps construction companies achieve compliance with government mandates regarding gas equipment and represents DEWALT's commitment to sustainable jobsite solutions.
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